By Joke Kujenya CEUDE OIL prices rose above $111 per barrel on Tuesday following the decision by the United Arab Emirates (UAE) to exit the Organization of the Petroleum Exporting Countries (OPEC). JKNewsMedia.com reports that the UAE said the move will take effect from May 1, 2026, and stated that the decision was based on […]
By Ajibola Olaide, JKNewsMedia Reporter FRESH PRICING shifts have emerged in Nigeria’s downstream oil sector as Dangote Petroleum Refinery & Petrochemicals (DRP) announced a reduction in its petrol loading cost, signalling potential relief across the fuel distribution chain. JKNewsMedia.com reports that the refinery slashed its ex-gantry ...
By Joke Kujenya OIL PRICES slipped in Asian trade after a sharp 4% rise in the previous session, as traders balanced potential supply shocks linked to Middle East tensions against uncertainty surrounding U.S. Federal Reserve monetary policy. Brent crude futures dropped by 35 cents, or 0.5%, to $76.10 per barrel by 0723 GMT, while U.S. [&hellip...
